LDBM: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LDBM
Largest movements
- Cash +€50,406
up €50,406 (+106.6%), from €47,278 to €97,684
mainly Net result for the year (+€38,567) and Tax, wage and social debts (+€8,202)
- Receivables within one year -€6,959
down €6,959 (-100.0%), from €6,959 to €0
- Reserves +€37,734
up €37,734 (+99.7%), from €37,854 to €75,588
- Tax, wage and social debts +€8,202
up €8,202 (+66.0%), from €12,433 to €20,636
of which Taxes: +€10,231
- Other debts -€2,468
down €2,468 (-63.2%), from €3,902 to €1,434
No income-statement line moved by more than 1% of the activity.
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,039 | €99,561 | +€43,522 | +77.7% |
| Fixed assets | 21/28 | €1,343 | €870 | -€473 | -35.2% |
| Tangible fixed assets | 22/27 | €1,343 | €870 | -€473 | -35.2% |
| Furniture and vehicles | 24 | €1,343 | €870 | -€473 | -35.2% |
| Current assets | 29/58 | €54,696 | €98,690 | +€43,994 | +80.4% |
| Amounts receivable within one year | 40/41 | €6,959 | €0 | -€6,959 | -100.0% |
| Trade receivables | 40 | €6,959 | €0 | -€6,959 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,278 | €97,684 | +€50,406 | +106.6% |
| Deferred charges and accrued income | 490/1 | €459 | €1,006 | +€547 | +119.2% |
| Total equity and liabilities | 10/49 | €56,039 | €99,561 | +€43,522 | +77.7% |
| Equity | 10/15 | €38,854 | €76,588 | +€37,734 | +97.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €37,854 | €75,588 | +€37,734 | +99.7% |
| Distributable reserves | 133 | €37,854 | €75,588 | +€37,734 | +99.7% |
| Amounts payable | 17/49 | €17,185 | €22,973 | +€5,788 | +33.7% |
| Amounts payable within one year | 42/48 | €17,185 | €22,973 | +€5,788 | +33.7% |
| Trade debts | 44 | €850 | €903 | +€53 | +6.3% |
| Suppliers | 440/4 | €850 | €903 | +€53 | +6.3% |
| Taxes, remuneration and social security | 45 | €12,433 | €20,636 | +€8,202 | +66.0% |
| Taxes | 450/3 | €10,383 | €20,614 | +€10,231 | +98.5% |
| Remuneration and social security | 454/9 | €2,050 | €22 | -€2,028 | -98.9% |
| Other amounts payable | 47/48 | €3,902 | €1,434 | -€2,468 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €473 | +€398 | +531.1% |
| Other operating charges | 640/8 | - | €244 | +€244 | |
| Gross operating margin | 9900 | €49,432 | €49,619 | +€187 | +0.4% |
| Operating profit (loss) | 9901 | €49,357 | €48,902 | -€455 | -0.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €261 | €105 | -€156 | -59.9% |
| Recurring financial charges | 65 | €261 | €105 | -€156 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €49,097 | €48,797 | -€299 | -0.6% |
| Income taxes | 67/77 | €10,383 | €10,231 | -€153 | -1.5% |
| Profit (loss) for the period | 9904 | €38,713 | €38,567 | -€147 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,713 | €38,567 | -€147 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.